The currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
A bearish descent down to the next support level at 99.660000000 is certain.
Caution: A possible change in the direction of the resistance level at could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 117.030000000 |
| Next Low | 99.660000000 |
| 2nd Low | 95.560000000 |
| 3rd Low | 91.200000000 |
112.390000000 – 97.990000000 – 98.320000000 – 99.660000000 – 100.040000000 – 95.560000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Black Crows – Triple bottom chart pattern